Troy-based Meritor, a supplier of drivetrain, mobility, braking, and aftermarket solutions for commercial vehicle and industrial markets, today announced an investment in Calif.-based TransPower, which specializes in electrification technologies for large commercial vehicles. Terms of the agreement were not disclosed.
TransPower supplies integrated drive systems, full electric truck solutions, and energy-storage subsystems to major manufacturers of trucks, school buses, refuse vehicles, and terminal tractors. The company has been focusing exclusively on developing electrical drive solutions for more than seven years.
“TransPower’s extensive knowledge and hands-on experience with electrical vehicle (EV) technologies and system integration gives us a significant competitive advantage in developing electrical drive systems for this evolving market,” says Jay Craig, president and CEO of Meritor. “This investment reinforces our commitment to deliver high-efficiency solutions for medium- and heavy-duty electric vehicles supported by proven solutions.”
The investment is expected to accelerate Meritor’s introduction of a flexible electric axle platform for various drivetrain configurations, including full electric, hybrid, single, or tandem axles. Meritor’s lightweight carrier is designed for city-delivery, medium-duty, transit bus, and off-road and severe duty applications. TransPower’s electric drive solutions have been used daily in commercial vehicles built by major OEMs, logging approximately 110,000 miles.
Meritor employs 8,200 employees and operates manufacturing facilities, engineering centers, joint ventures, and distribution centers in 19 countries.